BUY THE DIP !!!!

Too late to go long, but I would say 1st step is STOP listening to Randy. He has no clue and deceiving people with all the short/bear talk while he probably has way more longs than whatever he’s posting about shorting. I have no clue what this guys purpose is doing this. Why is his positioning in other swing/long/family accounts so secret?

One thing for the bears at the moment is that SPX just now hit a two-sigma move of the weekly expected range, right at 4517.37. It has become more common this year for this to happen, but it has rarely ever closed the week above the 2-sigma. Interesting that the markets look to be pulling back right from that price level.

A pain trying to short anything this year.
Get off the bear kick.
Can’t lose going long for a while unless an asteroid hits the earth.

I agree with Jeff…not even close.

Excellent analysis Jeff. So true. Still way too many bears out there.
Every analyst everywhere says the same thing…the market needs to consolidate ….the market has to pull back…a pullback will be healthy….
You know what that means ? Whatever pullback there is will be extremely small and short and will be bought up feverishly until the last bear concedes and starts buying. That’s a long way off.

There isn’t a fund manager alive who is willing to show clients that he missed NVDA. That stock will stay strong until this year is over. Any dips into or toward the big breakaway gap will be met with strong buying, so probably more likely it just continues to gind up all year. Look at a monthly chart of NVDA and notice that it is not yet as overbought on the monthly as it tends to get during bull runs. Right now it is 32% above the previous all time high. The last couple of times NVDA broke out above previous all time highs after significant bear-market corrections, it countinued climbing 600% and 375% above those previous highs before falling into correction.